Posted in Insurance, Rockwills & Estate planning, Rockwills & Inheritance on Apr 8th, 2010
Well, I learnt something useful today. I’m not an insurance person, so I’ve always found it very confusing when trying to deal with the types of nominations under the important sections 166 and 167 of the Malaysian Insurance Act 1996. According to this friend of mine who IS well-versed with insurance laws in Malaysia, section [...]
Posted in Insurance, Investment, Mutual Fund, Unit Trust on Sep 9th, 2009
This appeared today in The Malaysian Insider regarding a move by the Monetary Authority of Singapore to ban the use of financial products with misunderstood names. Hopefully, Bank Negara Malaysia can take the cue and see how the use of these terms can be regulated here too: If you have ever been sold a financial [...]
Posted in Insurance, Investment, Mutual Fund, Unit Trust, economy on May 22nd, 2009
Here is an interesting story that appeared in today’s issue of The Business Times in Singapore. It’s saying that owing to the global financial crisis Malaysians appear to be the most averse among Asians to higher risk investment products. They have become more conservative in their choice of financial instruments. According to the Life Outlook [...]
There is a good chance that you will have heard of the term “mortality rate”. I’m not an insurance person but this much I can tell you: “mortality rate” is simply a measurement of the frequency of death for a given group of people at a particular period of time. Complicated? It needn’t be. The [...]
Posted in Insurance on Jan 28th, 2009
Compensation and satisfaction You need to protect you and your family in case of unexpected emergencies during your travel. However, you may not be satisfied with the offer made by your insurance company. How do you deal with this? First, you have to submit the claim form with supporting documents such as medical reports and [...]
Posted in Insurance on Jan 21st, 2009
What criteria do you need to fulfil to be eligible for travel insurance? Travel insurance policies are generally assessed by age, destination, length of stay and any pre-existing condition. Age may affect the eligibility of the elderly but it also depends on the other factors mentioned above. Where you are going affects the amount of [...]
Posted in Insurance on Jan 20th, 2009
Continuing with an interesting series of stories from The New Straits Times, this blog item touches on the kinds of losses that are not covered by travel insurance. War risks: These include loss or damage that may be attributed to civil war, revolution, riot or civil commotion. Suicide, mental disorder, self-inflicted injury: The resultant injury, [...]
Posted in Insurance on Jan 18th, 2009
What kind of losses can you claim from your travel insurance? The coverage and limitations under the policy vary depending on the insurance company. Here are some of the benefits offered in most travel insurance policies: Medical Expenses: Falling sick while travelling can be a very scary and expensive experience. In case of accident or [...]
Posted in Insurance on Jan 17th, 2009
This story appeared in The New Straits Times last year (27 Nov 2008). Travel-savvy Malaysians today go all over the country to the various resorts as well as to other countries. There is nothing like visiting new places to broaden our minds and have fun at the same time. But no matter how exciting travel [...]
Posted in Insurance on Jan 15th, 2009
There was an interesting insurance story in the newspapers yesterday. Was it a misleading sale or was there insurance fraud in a claim by a beneficiary? On one side was a man who claimed that he had been cheated of RM5,000 in benefit payments. And on the other side, an MP’s aide was accusing the [...]
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